Ethereum Hits Three-Month Peak: How Whale Sales Affect Prices

user avatar

by Giorgi Kostiuk

2 years ago

The crypto market is experiencing a significant surge, with Bitcoin's new all-time high driving altcoin gains, including Ethereum.

Crypto Market Overview

The crypto market has seen a significant surge in the last two days, with Bitcoin reaching a new all-time high of $75K. This rise has also driven some altcoins to new peaks.

Ethereum's Three-Month High

Ethereum has reached a three-month high, prompting many long-term and dormant whales to take profits. Following a 13.75% surge in Ethereum’s price, three ETH holders began selling. Specifically, two holders sold 33,701 ETH valued at $89.72 million.

Whale Activity and Market Impact

The first of these whales sent 25,000 ETH to Kraken, retaining 64,450 ETH. Another whale, dormant for over eight years, sold 8,701 ETH, leaving behind 2,304 ETH valued at $6.48 million. This increased whale activity raises fears of potential sell-offs that could push ETH prices towards correction.

If the current momentum is maintained, Ethereum could register further gains, potentially reaching the $3000 resistance level. However, recent whale sales could trigger a market correction, with prices possibly declining to $2670.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

CoinsBee and TRON DAO Launch Discount Campaign for USDT Payments

CoinsBee, in collaboration with TRON DAO, is launching a campaign that offers eligible users a 2% discount on purchases made with USDT on TRON.

user avatarMohamed Farouk

USDT on TRON Surpasses Bitcoin as Most Used Payment Method on CoinsBee

USDT TRC20 on the TRON network has become the most used on-chain token and payment option on CoinsBee, surpassing Bitcoin and Ethereum in payment activity.

user avatarElias Mukuru

Panel Discussion on Trading Insights at Zoomex After Party

A flagship panel titled 'Where's the Edge' will feature industry KOLs discussing trading strategies and market dynamics.

user avatarKenji Takahashi

Ollie Bearman to Host Interactive QA at Zoomex Event

Ollie Bearman will host an interactive QA session at the ZOOMEX TRADERS AFTER PARTY on October 7, 2026, providing a unique opportunity for traders and motorsport fans to engage directly.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.